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BUSINESS
July 28, 2004 | By Akweli Parker INQUIRER STAFF WRITER
On the eve of today's quarterly earnings report, Comcast Corp. said yesterday it would begin offering faster Internet service, for a premium, to all of its high-speed Internet customers. The faster service will offer downloads of up to four megabits per second, a one-third boost over the top speed of three megabits per second currently available to most customers. Regular service with the three-megabit maximum speed costs $42.95 monthly for customers who also subscribe to cable.
NEWS
July 11, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
Comcast Corp. said Tuesday that it sold its 15.8 percent stake in A&E Television Networks L.L.C. for $3.025 billion in cash. The purchaser was A&E and enables Walt Disney Co. and Hearst Corp. to share 50-50 ownership in the TV programmer, whose hit shows include Pawn Stars, Storage Wars and American Pickers . Comcast acquired its stake in A&E through NBCUniversal, which it controls in a joint venture with General Electric. The $3 billion will remain with NBCUniversal, which can use it for business purposes.
NEWS
June 30, 2010 | By Peter Mucha, Inquirer Staff Writer
The Comcast technician accidentally electrocuted Tuesday afternoon has been named by Marple Township police. He was John Adams, 38, of Radcliffe Road in Broomall. About 2:30 p.m., he was on a ladder, apparently trying to restore service to a home in 2100 block of Sproul Road, when he came in contact with a live wire, police said. Neighbors who saw the accident called police. He was pronounced dead at the scene a few minutes before 3 p.m. "All of us at Comcast are surprised and saddened by this tragic news and we extend our heartfelt sympathies to our employee's family and friends," said company spokesman Jeff Alexander.
NEWS
February 21, 2012 | By Harold Brubaker, INQUIRER STAFF WRITER
With the launch this week of Xfinity Streampix, Philadelphia's Comcast Corp. is jumping into an increasingly crowded and competitive market for subscription streaming video services and adding to the pressure on Netflix Inc. Comcast said Tuesday that Streampix would be included in many Xfinity packages that include Internet, cable and telephone services, as well as in certain video/high-speed Internet packages. Certain other customers can add the service, which offers past full seasons of 30 Rock, Grey's Anatomy , and other TV series, plus movies and children's programming, for $4.99 a month.
BUSINESS
July 12, 1989 | By Anthony Gnoffo Jr., Inquirer Staff Writer
The British have not taken to cable television the way Americans have, but Comcast Corp., the Philadelphia firm that is one of the biggest cable-system owners in the United States, is betting they will acquire the taste. Comcast yesterday said that it would join US West Corp. of Englewood, Colo., the region's Bell holding company, as an investor, builder and operator of a cable-television and telephone franchise in the London borough of Camden. The franchise, which will serve 80,000 homes and 10,000 businesses, is held by Cable London.
BUSINESS
November 9, 1994 | By Michael L. Rozansky, INQUIRER STAFF WRITER
Comcast Corp., the Philadelphia cable television and cellular phone company, blamed a second round of federally required cuts in cable rates for limiting revenue growth and cutting its third-quarter cash flow. The company said cash flow, which is income before deducting taxes, depreciation and other non-cash items, dipped 5 percent from last year's quarter to $154 million. Overall, Comcast narrowed its per-share loss to 7 cents from 16 cents and said it had strong growth: 4 percent annualized in cable subscribers, and more than 45 percent annualized in cellular subscribers.
BUSINESS
February 19, 2005 | By Tony Gnoffo INQUIRER STAFF WRITER
About 3,000 Comcast digital video recorders - a technology critical for the company's growth strategy - were distributed to customers in the Philadelphia area and in San Jose, Calif., with software glitches that impaired their operation, according to the manufacturer. Comcast said yesterday that it now has a fix for the problem: new software that is being distributed automatically over cable systems where the devices were installed. In the meantime, the Philadelphia-based cable company is asking customers to be patient and report problems to 1-800-266-2278.
BUSINESS
November 13, 1992 | By Larry Fish and Julia C. Martinez, INQUIRER STAFF WRITERS
Columbia Gas System Inc., the Wilmington natural gas pipeline company, posted a loss in the third quarter after deducting special charges totaling $103.1 million. The after-tax charges include a $39.2 million provision for environmental- compliance costs; a $24.2 million write-down for previously capitalized gas costs and a $39.7 million charge to cover the costs of a new business plan for its Cove Point, Md., gas terminal. Before the special charges, Columbia would have recorded a $7.5 million loss because of low seasonal demand for gas, the company said.
BUSINESS
May 17, 1989 | The Inquirer Staff
Comcast Corp., the cable-television firm, which moved to Philadelphia from Bala Cynwyd Monday, has reported its usual combination of increased cash flow and a net loss for the first quarter of 1989. The firm's operating cash flow, which measures income before interest, depreciation, amortization and income taxes, increased 31 percent compared with the same period in 1988. Cash flow is considered a key measure of financial performance in the cable-television industry because such firms must borrow heavily to finance capital improvements and acquisitions of new systems.
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